Marcus & Millichap Brokers Sale Of Santa Fe Storage Portfolio In Texas
Building Size
—
Asset Type
Self Storage
Closing
Nov 14, 2023
AI
A self-storage portfolio in Santa Fe, southeast of Houston, has been sold in a transaction brokered by Marcus & Millichap. The portfolio consists of four self-storage facilities, totaling 682 units, situated on 4.3 acres of land. The specific address and market value of the portfolio were not disclosed.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: Not disclosed
- Units: 682
- Acres: 4.3
The seller of the Santa Fe Storage Portfolio was represented by Dave Knobler and Charles LeClaire. However, the identity of the buyer, a Delaware-based LLC, has not been disclosed.
Players
Market Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93